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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2011
RELATED PARTY TRANSACTIONS [Text Block]

NOTE 3 - RELATED PARTY TRANSACTIONS

 

Management Compensation - During the nine months ended September 30, 2011 and 2010, the Company did not pay any compensation to its officers and directors.

 

Office Space - The Company has not had a need to rent office space.  An officer/shareholder of the Company is allowing the Company to use his home as a mailing address, as needed, at no expense to the Company.

 

Notes Payable - In January 2010, the Company borrowed $25,000 from a stockholder of the Company pursuant to an unsecured promissory note.  The note is due on demand and accrues interest at 6% per annum. In May and June 2011, the Company borrowed $5,000 and $20,000 from a stockholder of the Company pursuant to an unsecured promissory note.  The notes are due on demand and accrue interest at 6% per annum.  At September 30, 2011 accrued interest was $2,974.